EUROPEAN OCCUPY CENTRAL BANK (EOCB)- WE CAN HELP WHERE THE ECB CANNOT -PRESENTATION AND MONETARY POLICY DECISIONS, DECEMBER 8TH2011Dear representatives of the European System of Central Banks, international press, international diplomatic corps, dearfellow citizens in the euro zone.In the current euro debt crisis it seems to be that the European Central Bank is the only remaining institution that canensure the solvency of the euro states effectively. However, their capacity is limited, because its mandate does notprovide financial assistance to states.In this regard, we, the European Occupy Central Bank, will offer our support directly, by refinancing states in acute distressand their fellow citizens.What we provide today, here and now, is a direct injection of liquidity through our own long-term refinancing operation(LTRO) and Bond Purchase Program. We issue our own currency, the "Occupy Global Currency-Units" (OGC) in form ofbanknotes and digital book money.Our LTRO includes a cash grant without tender process, without maturity, at 0% interest, and without the submission ofcollateral. Also, we will purchase distressed government securities without condition. In a nutshell: We are giving awaymoney.The resulting inflationary pressure can be counteracted as follows: Through a haircut on all bad loans, derivatives andgovernment bonds, issued/denominated in the established currencies (Dollar, Euro, etc.), also the claims opposed tothose debts will endure a haircut, through which the circulating money will be reduced severely, causing deflationarypressure. In these circumstances, EOCB’s injection of its own currency can counter those pressures, stabilizing the amountof money in circulation, preventing deflationary or inflationary tendencies, by which the EOCB will fulfill the ECB’smandate of price stability.We would like to collateralize the OGC with real value, but we do not believe that this is primarily necessary, because eventhe circulating legal paper and book money is hardly backed up by real value. And this system only works, because we as asociety collectively believe in its functioning – for now. Thus, in a practical sense, the OGC can likewise be trusted andused.A significant advantage of the OGC and the European Occupy Central Bank is: Everyone can refinance him/herself directlythough us: governments, real economy corporates and especially private citizens!Banks are refinanced under the condition that they are fully brought to justice for their share of responsibility for the crisisand for their harmful business practices; and if they are regulated in a sense that allows a flourishing of society andnature, instead of its destruction.The EOCB is primarily committed to the people of Europe. The financial sector, including the money supply, has toprimarily serve the people. This is the political philosophy, oriented to principles of ethics and moral, that the EOCB isapplying to. Therefore, all citizens can refinance themselves directly through us without condition. Because the commonpeople without personal guilt, have to suffer ultimately the effects of the crisis. And they must be helped!These are the policy decisions of the EOCB as of today. Like the ECB, we are never pre-committed in the conduct of ourmonetary policy.The European Occupy Central Bank Frankfurt/Main, 08.12.2011♥ > €